in california, and the federal government if koop after -- if california and the federal government keep spending the way it's been spending both will go bankrupt before they leave office. very true. tax scheme bubbling under the surface so-called wealth tax, in france, spain, iceland, switzerland they taxed net word of wealthy people every year. doesn't matter if you earn anything, or you get income or dividends, doesn't matter. if you have assets, house, gold, car, whatever, those governments are going to take some of that. uber liberals in america want to do the same thing. >> you can replace completely the income tax and the estate and gift taxes with a wealth tax of 1.5%. i think it should be graduated and progressive because to meet most important issue is to deal with the wealth nawbility inequality in this country which is much more severe than the income inequality in the country. >> bill: isn't that interesting. wealth inequality. where have we heard that before? carl marks? mao, fidel castro? if the u.s. were to impose a so-called wealth tax, that would be the seizure of priva